ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up to $10.41

ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $10.41, but opened at $10.77. ProShares UltraPro Short QQQ shares last traded at $10.82, with a volume of 22,352,644 shares trading hands.

ProShares UltraPro Short QQQ Stock Up 2.6 %

The stock's 50 day moving average is $11.24 and its 200 day moving average is $14.97.

ProShares UltraPro Short QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were issued a $0.164 dividend. The ex-dividend date was Wednesday, March 20th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GTS Securities LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the 2nd quarter worth $56,305,000. Jump Financial LLC purchased a new position in ProShares UltraPro Short QQQ in the fourth quarter valued at about $21,670,000. RBF Capital LLC boosted its position in shares of ProShares UltraPro Short QQQ by 240.9% in the second quarter. RBF Capital LLC now owns 984,132 shares of the company's stock worth $18,610,000 after buying an additional 695,472 shares during the period. IMC Chicago LLC purchased a new position in ProShares UltraPro Short QQQ in the 4th quarter worth approximately $12,115,000. Finally, Elevatus Welath Management acquired a new stake in ProShares UltraPro Short QQQ in the third quarter valued at approximately $10,428,000.

ProShares UltraPro Short QQQ Company Profile

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.